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Revolving Loan Fund

Revolving Loan Fund Application

Revolving Loan Fund

Purpose of Revolving Loan Fund

A revolving loan fund is a gap financing measure primarily used for development and expansion of small businesses and entrepreneurial ventures. It is a self-replenishing pool of money, utilizing interest and principal payments on old loans to issue new ones. 

Application Process

Applications for RLF funds will be accepted on a continual basis until funds are depleted. All applicants for RLF funding will be required to complete an application form and provide a corresponding business plan with verifiable data which demonstrates that their proposed projects are economically feasible, sustainable, and will provide benefits to the rural/micropolitan community, either through job creation or infrastructure and/or facility improvements. This includes façade improvements.

Loan Review Committee

Mount Pleasant Economic Development Corporation

Nathan Tafoya

Mount Pleasant Economic Development Corporation

Erman Hensel

Mount Pleasant Economic Development Corporation

Brian Niblett

Mount Pleasant Economic Development Corporation

Jason Snodgrass

Mount Pleasant Economic Development Corporation

Chris Elliott

Mount Pleasant Economic Development Corporation

Mike Price

Small Business Development Center

Tim Wilson

Chamber of Commerce

Richard Bonney